OECD Economic Outlook, Volume 2016 Issue 1
The OECD Economic Outlook is the OECD's twice-yearly analysis of the major economic trends and prospects for the next two years. The Outlook puts forward a consistent set of projections for output, employment, prices, fiscal and current account balances.
Coverage is provided for all OECD member countries as well as for selected non-member countries. This issue includes a general assessment, a special chapter on promoting productivity and equality, a chapter summarising developments and providing projections for each individual country and a statistical annex.
Latvia
The economy is projected to recover from the temporary weakness in the last quarter of 2015 and first quarter of 2016 related to the expiry of EU funds and the sharp decline of economic relations with Russia. Strong wage growth underpins solid spending by private households. Uncertainty is holding back investment, but this will be gradually overcome once the recovery of the euro area generates healthier export markets.